eGain Corp. (NASDAQ:EGAN) shares reached a new 52-week low during trading on Thursday . The company traded as low as $2.46 and last traded at $2.47, with a volume of 11,363 shares. The stock had previously closed at $2.55.

EGAN has been the topic of a number of research analyst reports. Zacks Investment Research raised eGain Corp. from a “hold” rating to a “buy” rating and set a $3.25 target price on the stock in a report on Monday, July 4th. Ladenburg Thalmann downgraded eGain Corp. from a “buy” rating to a “neutral” rating and set a $3.75 target price on the stock. in a report on Monday, May 9th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $4.25.

The company’s market cap is $66.91 million. The stock has a 50 day moving average of $3.03 and a 200 day moving average of $3.56.

eGain Corp. (NASDAQ:EGAN) last posted its quarterly earnings data on Thursday, May 5th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.11). The firm had revenue of $16.30 million for the quarter, compared to analyst estimates of $16.87 million. During the same period in the prior year, the company posted ($0.09) EPS. The firm’s quarterly revenue was down 15.1% compared to the same quarter last year. On average, analysts forecast that eGain Corp. will post ($0.38) earnings per share for the current year.

An institutional investor recently bought a new position in eGain Corp. stock. Bank of Montreal Can acquired a new stake in eGain Corp. (NASDAQ:EGAN) during the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 8,405,591 shares of the company’s stock, valued at approximately $35,808,000. Bank of Montreal Can owned 31.05% of eGain Corp. as of its most recent SEC filing.

eGain Corporation (eGain) provides cloud-based and on-site customer engagement software solutions. The Company is engaged in the development, license, implementation and support of customer service infrastructure software solutions. The Company optimizes service processes across the Web, social and phone channels.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.